The cryptocurrency staking platform Stader’s Liquid Staking solution is now live! The solution allows Fantom users to stake with ‘no cap, no limit’ on the transactions.
A revolution in the world of staking will come sweeping with many new developments!
It is further informed that Stader is introducing $sFTMX to turn up staking and DeFi returns. sFTMX is a liquid token that users get when they stake FTM with Stader. The sFTMX tokens represents their staked FTM.
One can also expect to get instant liquidity, dual rewards and leveraged strategies.
The platform will launch liquidity pools on Spookyswap, Beethoven X and Spiritswap soon. Not just this, the platform will allow sFTMX yield farming on Liquid Driver, Reaper Farm and also sFTMX lending/borrowing on Market.xyz.
In the coming days, one can mint cUSD with sFTMX as collateral on the mobile application, Creditum.
One can use sFTMX liquidity provider tokens as collateral to borrow Fantom tokens (FTM) and stable coins on the business finance firm, MarketFinance!
Liquid Driver rewards, swap fees, and a share of rewards through $xLQDR, a vested asset will also be available soon.
Other facilities to watch out for is:
- Auto-compounding rewards on the Reaper Farm, a passive money multiplier available on the Fantom network.
- Leveraged yield farming on low impermanent loss Liquid Providers with Tarot Finance.
Recently, the metaverse gaming platform, The Sandbox, revealed a new staking mechanism on its platform that allows users to stake their SAND tokens without any pairs on the layer-2 scaling solution, Polygon.
